LONDON--(BUSINESS WIRE)--Technavio has been monitoring the luxury furniture market in the Middle East and it is poised to grow by $ 271.87 mn during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. B and B Italia SPA, Danube Group, Haworth Inc., Herman Miller Inc., Inter IKEA Holding BV, Minotti S.p.A., Natuzzi S.p.A., PAN Emirates, Poltrona Frau SPA, and Royal Furniture are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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An increase in the number of office spaces has been instrumental in driving the growth of the market. However, the impact of COVID-19 might hamper the market growth.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Luxury Furniture Market in the Middle East 2020-2024: Segmentation
Luxury Furniture Market in the Middle East is segmented as below:
- Application
- Residential
- Commercial
- Geographic Landscape
- UAE
- Saudi Arabia
- Qatar
- Egypt (Arab Republic Of Egypt)
- Oman
- Bahrain
- Rest Of Middle East
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Luxury Furniture Market in the Middle East 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The luxury furniture market in the Middle East report covers the following areas:
- Luxury Furniture Market in the Middle East Size
- Luxury Furniture Market in the Middle East Trends
- Luxury Furniture Market in the Middle East Industry Analysis
This study identifies an increase in strategic partnerships as one of the prime reasons driving the luxury furniture market growth in the Middle East during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Luxury Furniture Market in the Middle East 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist luxury furniture market growth in the Middle East during the next five years
- Estimation of the luxury furniture market size in the Middle East and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the luxury furniture market in the Middle East
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of luxury furniture market vendors in the Middle East
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Force Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Residential - Market size and forecast 2019-2024
- Commercial - Market size and forecast 2019-2024
- Market opportunity by application
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- UAE - Market size and forecast 2019-2024
- Saudi Arabia - Market size and forecast 2019-2024
- Qatar - Market size and forecast 2019-2024
- Egypt (Arab Republic of Egypt) - Market size and forecast 2019-2024
- Oman - Market size and forecast 2019-2024
- Bahrain - Market size and forecast 2019-2024
- Rest of Middle East - Market size and forecast 2019-2024
- Market opportunity by geography
- Market drivers – Demand led growth
- Market challenges
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- B and B Italia SPA
- Danube Group
- Haworth Inc.
- Herman Miller Inc.
- Inter IKEA Holding BV
- Minotti S.p.A.
- Natuzzi S.p.A.
- PAN Emirates
- Poltrona Frau SPA
- Royal Furniture
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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